Minneapolis Fire & Marine Insurance v. Bank of Dawson

Stone, Justice.

In this action to have its demand declared a preferred claim against an insolvent bank, plaintiff (Minneapolis Fire & Marine Insurance Company) procured a favorable decision after trial to the court. Defendants (Bank of Dawson and J. N. Peyton, as commissioner of banks) appeal from the order denying their motion for amended findings or a new trial.

The defendant Bank of Dawson is in liquidation, having been taken over for that purpose by the commissioner of banks May 13. 1931. For a long time prior thereto the bank had been doing a general insurance business under the name of…